Answer:
Ending inventory cost= $948
Explanation:
Giving the following information:
First Purchase= 310 units for $3 each
Second Purchase= 220 units for $4.9 each
Units sold= 290
First, we need to calculate the weighted average cost:
Weighted average cost= (3 + 4.9)/2= $3.95
Ending inventory (units)= 240 units
Now, ending inventory cost:
Ending inventory cost= 240*3.95= $948
Answer:
$144,940
Explanation:
machine costing = $133,000
freight charges = $3,300
special mounting and wiring connections costing = $11,300
Discount rate = 2%
Compute the machine cost as given below:
Machine cost:
= Purchase price × (1 - Discount rate) + Freight charges + Special mounting and wiring connection cost
= 133,000 × (1 - 2%) + $3,300 + $11,300
= $144,940
Answer:
M1 = $3000
Explanation:
Below is the given values:
Given the currency = $1000
The balance of checking account = $2000
In order to find the M1, just add the balances of currency and balances of the checking account.
Thus M1 = Currency + Balance of checking account
M1 = 1000 + 2000
M1 = 3000
Therefore, the M1 = $3000
An increase in aggregate demand when the economy is below potential output increases real output and has little or no effect on price levels.
The Keynesian aggregate supply curve shows that the AS curve is fairly flat. This means that during economic downturns, firms supply the quantity of goods demanded at a particular price level.
The Keynesian zone is on the left side of his SRAS curve and is fairly flat, so movements in aggregate demand affect production but have little effect on price levels.
The Keynesian model suggests that in the short term less flexible wages and prices will push the aggregate supply curve upward. This model makes it more likely that the economy will fall below the full employment level. This means companies can hire new workers and increase production without raising wages or prices.
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